12 3 restrict the level of reporting

... may arise in the course of an implementation We now proceed to a discussion of the impact of time on the success of a best practices implementation Timing of Best Practices The timing of a best ... The main reason is that there is now an extra manager involved, who may not have the commitment of the accounting manager to make the implementation a success In addition, the staff of the other ... to know the ways in which the implementation can fail, so there is a lengthy list of reasons for failure Finally, there is a brief discussion of the impact of change on employees and the organization...

Ngày tải lên: 20/06/2014, 18:20

... the remaining accounting staff is necessary ch 03_ 47 73. qxd 12/ 29/06 9:09 AM Page 53 3–28 Shrink the Supplier Base 53 One should also consider the degree and form of ongoing interaction with the ... the year The IRS uses its copy ch 03_ 47 73. qxd 12/ 29/06 9:09 AM Page 55 3 30 Automate the W-9 Form 55 of this information to ensure that the revenue reported by the recipients is correct The trouble ... to the rush basis of the payment, it is common for the accounting person to forget to make the entry into the computer system, which throws off the bank reconciliation work at the end of the...

Ngày tải lên: 20/06/2014, 18:20

... delivery person, who then brings the truckload of goods to the customer The customer counts the amount received The delivery person calls up the amount of the delivery on the screen of the portable computer, ... only the time and effort of printing the statements, but also eliminate the cost of the special form used to print the statements, as well as the cost of stuffing them in envelopes and mailing them ... reducing the number of copies, there is much less chance that the printer will jam, and the cost of the invoices can be substantially reduced The biggest cost saving, ch04_47 73. qxd 12/ 29/06 9 :12 AM...

Ngày tải lên: 20/06/2014, 18:20

... Page 133 6 3 Collect Receivables through Lockboxes 133 given to the wrong accounting person for further processing, or delayed in transit from the company to the bank It is also necessary for the ... the supplier In any of these cases, the cash management staff will take an inordinate proportion of its time to process the movement of funds There must be an easier way There is, and it is the ... computer programming or that involve the participation of another department In these two cases, either the risk of a lengthy programming project or the refusal of another department to cooperate can...

Ngày tải lên: 20/06/2014, 18:20

... Actual Cost 3/ 31/07 Actual Actual Variance Cost Cost Target from 6 /30 /07 9 /30 /07 Cost Target Pail $ 4.00 $ 4 .12 $ 4.15 $ 4.29 $ 3. 98 8% 03/ 31/08 Bucket 3. 92 3. 92 3. 90 3. 88 3. 75 3% 03/ 31/08 Trowel ... commitment of time and staff and the approval of other department managers, depending on their levels of involvement in the implementations However, despite the level of installation difficulty for these ... employees who are out of town, there may be other special arrangements to get the money to them Depending on the number ch08_47 73. qxd 12/ 29/06 9:18 AM Page 1 93 8–7 Lengthen the Interval between...

Ngày tải lên: 20/06/2014, 18:20

... manner, ch12_47 73. qxd 12/ 29/06 9:24 AM Page 269 12 3 Restrict the Level of Reporting 269 with the operating information sent out later in a separate document By using this approach, there are ... p 33 4 ch12_47 73. qxd 12/ 29/06 9:24 AM Page 2 83 12 18 Create a Closing Schedule 2 83 and payroll processes Only in one case, where the final detail of the accounts payable process is needed as the ... download the file, which creates the highly unlikely, yet possible, risk of importing a computer virus through the spreadsheet file Cost: Installation time: 12 3 Restrict the Level of Reporting...

Ngày tải lên: 20/06/2014, 18:20

... and lengthy chart of accounts ch14_47 73. qxd 12/ 29/06 9:28 AM Page 33 7 14 3 Reduce the Chart of Accounts 33 7 The sheer length of such a list introduces a number of problems into the general ledger ... AM Page 33 1 Summary Exhibit 13. 9 Impact of Best Practices on General Accounting Functions 33 1 ch 13_ 47 73. qxd 33 2 12/ 29/06 9:26 AM Page 33 2 General Best Practices Other best practices focused on ... because changes in this area either involve major programming work or significant alterations to the way in which a 33 3 ch14_47 73. qxd 12/ 29/06 33 4 9:28 AM Page 33 4 General Ledger Best Practices...

Ngày tải lên: 20/06/2014, 18:20

... have them correct and investigate the negative balances as part of their daily cycle-counting routines Cost: Installation time: ch16_47 73. qxd 12/ 29/06 9 :33 AM Page 401 16 33 Reduce the Number of ... elsewhere ch16_47 73. qxd 12/ 29/06 9 :33 AM Page 39 3 16–24 Train the Warehouse and Accounting Staffs 39 3 in this chapter, such as locking down the warehouse and shifting inventory into the floor stock ... satisfaction levels will still remain high as long as they can choose from a clustered set of features offering them the choice of minimal extras at a low ch16_47 73. qxd 12/ 29/06 9 :33 AM Page 402...

Ngày tải lên: 20/06/2014, 18:20

... delivery person, who then brings the truckload of goods to the customer The customer counts the amount received The delivery person calls up the amount of the delivery on the screen of the portable computer, ... only the time and effort of printing the statements, but also eliminate the cost of the special form used to print the statements, as well as the cost of stuffing them in envelopes and mailing them ... reducing the number of copies, there is much less chance that the printer will jam, and the cost of the invoices can be substantially reduced The biggest cost saving, ch04_47 73. qxd 12/ 29/06 9 :12 AM...

Ngày tải lên: 21/06/2014, 04:20

... Page 133 6 3 Collect Receivables through Lockboxes 133 given to the wrong accounting person for further processing, or delayed in transit from the company to the bank It is also necessary for the ... the supplier In any of these cases, the cash management staff will take an inordinate proportion of its time to process the movement of funds There must be an easier way There is, and it is the ... computer programming or that involve the participation of another department In these two cases, either the risk of a lengthy programming project or the refusal of another department to cooperate can...

Ngày tải lên: 21/06/2014, 04:20

... written off The timing of the write-off, once again, depends on the particular circumstances of each company Some may feel that it is best to wait until the end of the year before writing off an ... loss of $9 that will require the sale of nine more units to offset the loss However, if the same product had a profit of 50 percent, it would require the sale of only one more unit to offset the ... signatures on their Web sites One can then copy the signature images out of the Web sites and paste them directly into an invoice, thereby providing proof of receipt to the customer on the invoice...

Ngày tải lên: 21/06/2014, 04:20

... distribute them because the recipients are not aware of the cost of creating them A further problem is the distribution of the reports It is common for someone who does not realize the expense of distributing ... because they have no idea of when they are supposed to get rid of them By default, they typically remain in a heap in the back corner of the most distant warehouse, eating up ch10_47 73. qxd 12/ 29/06 ... (Wiley, 20 03) ch11_47 73. qxd 12/ 29/06 9:22 AM Page 2 53 11–11 Use Web Broadcasting for Public Reporting 2 53 date Based on the range of bids received, the underwriter then creates a public offering...

Ngày tải lên: 21/06/2014, 04:20

... Exhibit 12. 6 This exhibit clusters all of the best practices into the time before the end of the reporting period, in the midst of it, or after it The vast majority of the practices fall into the ... reinforce the use of the manual with the staff so it is not simply ignored as a one-time report gathering ch 13_ 47 73. qxd 12/ 29/06 9:26 AM Page 30 3 13 3 Create a Policies and Procedures Manual 30 3 Exhibit ... to the administration of any contracts that are the responsibility of the accounting department ch 13_ 47 73. qxd 12/ 29/06 9:26 AM Page 31 5 13 13 Create a Contract Terms Database 31 5 Exhibit 13. 7...

Ngày tải lên: 21/06/2014, 04:20

... ch15_47 73. qxd 12/ 29/06 9 :30 AM Page 36 3 15–15 Use Workflow Software for Internal Audits 36 3 pany in grave financial danger, while lower levels of risk can be assigned a lesser category Then the internal ... assigned to the auditors themselves, then their annual reviews should ch15_47 73. qxd 12/ 29/06 9 :30 AM Page 36 7 15–21 Use Excel for Continous Auditing 36 7 include a discussion of the updates they have ... ch16_47 73. qxd 12/ 29/06 37 6 9 :33 AM Page 37 6 Inventory Best Practices delivers these items to the production facility, and then finds after the job is completed that a number of items are returned to the...

Ngày tải lên: 21/06/2014, 04:20

... have them correct and investigate the negative balances as part of their daily cycle-counting routines Cost: Installation time: ch16_47 73. qxd 12/ 29/06 9 :33 AM Page 401 16 33 Reduce the Number of ... elsewhere ch16_47 73. qxd 12/ 29/06 9 :33 AM Page 39 3 16–24 Train the Warehouse and Accounting Staffs 39 3 in this chapter, such as locking down the warehouse and shifting inventory into the floor stock ... satisfaction levels will still remain high as long as they can choose from a clustered set of features offering them the choice of minimal extras at a low ch16_47 73. qxd 12/ 29/06 9 :33 AM Page 402...

Ngày tải lên: 21/06/2014, 04:20

... Best practices, 33 4 35 1, 464 Drill-down capability, 34 6 34 7 Impact of best practices on, 34 9 35 1 Implementation issues, 33 3 33 4 Interfaces to software, 34 6 Posting bottlenecks, 34 3 34 4 Used as data ... Chart of accounts For subsidiaries, 33 8 34 0 Granularity, 71 Modification for ABC data storage, 33 4 33 6 Reduction of, 121 122 , 33 6 33 8 Small balance elimination, 33 4 Standard account code list, 50 ... matrix, 36 6 36 7 Staffing, 36 4 36 5 Surveys, 35 6 Workflow software, 36 3 36 4 Internal control assessments, 35 4 Inventory Accuracy, 39 2 39 3 Best practices, 37 1–411, 465–466 ch21_ind_47 73. qxd 12/ 29/06...

Ngày tải lên: 21/06/2014, 04:20

... Page 133 6 3 Collect Receivables through Lockboxes 133 given to the wrong accounting person for further processing, or delayed in transit from the company to the bank It is also necessary for the ... the supplier In any of these cases, the cash management staff will take an inordinate proportion of its time to process the movement of funds There must be an easier way There is, and it is the ... computer programming or that involve the participation of another department In these two cases, either the risk of a lengthy programming project or the refusal of another department to cooperate can...

Ngày tải lên: 21/06/2014, 18:20

... Actual Cost 3/ 31/07 Actual Actual Variance Cost Cost Target from 6 /30 /07 9 /30 /07 Cost Target Pail $ 4.00 $ 4 .12 $ 4.15 $ 4.29 $ 3. 98 8% 03/ 31/08 Bucket 3. 92 3. 92 3. 90 3. 88 3. 75 3% 03/ 31/08 Trowel ... commitment of time and staff and the approval of other department managers, depending on their levels of involvement in the implementations However, despite the level of installation difficulty for these ... employees who are out of town, there may be other special arrangements to get the money to them Depending on the number ch08_47 73. qxd 12/ 29/06 9:18 AM Page 1 93 8–7 Lengthen the Interval between...

Ngày tải lên: 21/06/2014, 18:20

... distribute them because the recipients are not aware of the cost of creating them A further problem is the distribution of the reports It is common for someone who does not realize the expense of distributing ... because they have no idea of when they are supposed to get rid of them By default, they typically remain in a heap in the back corner of the most distant warehouse, eating up ch10_47 73. qxd 12/ 29/06 ... (Wiley, 20 03) ch11_47 73. qxd 12/ 29/06 9:22 AM Page 2 53 11–11 Use Web Broadcasting for Public Reporting 2 53 date Based on the range of bids received, the underwriter then creates a public offering...

Ngày tải lên: 21/06/2014, 18:20

... manner, ch12_47 73. qxd 12/ 29/06 9:24 AM Page 269 12 3 Restrict the Level of Reporting 269 with the operating information sent out later in a separate document By using this approach, there are ... p 33 4 ch12_47 73. qxd 12/ 29/06 9:24 AM Page 2 83 12 18 Create a Closing Schedule 2 83 and payroll processes Only in one case, where the final detail of the accounts payable process is needed as the ... download the file, which creates the highly unlikely, yet possible, risk of importing a computer virus through the spreadsheet file Cost: Installation time: 12 3 Restrict the Level of Reporting...

Ngày tải lên: 21/06/2014, 18:20